Press Release Details

Aug 30, 2007

Realty Income Prices $550 Million of 6.75% 12-year Senior Unsecured Notes

ESCONDIDO, CALIFORNIA, August 30, 2007. Realty Income Corporation (Realty Income), The Monthly Dividend Company®, (NYSE:O) today announced the pricing of $550 million of 6.75% senior unsecured notes due 2019. The public offering price for the notes was 99.827% of the principal amount for an effective yield of 6.772%. These securities are expected to be rated BBB+ by Fitch Ratings, Baa1 by Moody’s Investors Service and BBB by Standard & Poor’s Ratings Group. The net proceeds from the offering will be used to fund certain property acquisitions that have closed or are expected to close in 2007. Any remaining net proceeds will be used for general corporate purposes which may include additional acquisitions.

(Pricing delayed 20 minutes)